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Record year for overseas businesses raising on Crowdcube

By Crowdcube. 17th Dec 2019

Building a world of wonder brands cover

It’s been a bumper year for overseas raises here at Crowdcube, with our 5 biggest campaigns to date taking place in 2019. We’ve supported raises from fantastic entrepreneurs throughout Ireland, Singapore, Spain, Switzerland, Sweden and more. We’re eager to accelerate this growth and continue to help build a world of wonder brands.

In 2018, the investment generated from our overseas campaigns came in at €13.2m. This year, that figure has more than doubled. Our total for 2019 currently stands at €26.6m, with e-bike business Cowboy currently overfunding at €3.5m. European entrepreneurs are matching their British counterparts in terms of investment raised and number of investors they attract, as they realise the benefits of building loyal communities alongside raising growth finance.

Cowboy, headquartered in Belgium, is on track to become our second largest overseas raise. Spanish Fintech ID Finance currently sits at the number one spot, having raised a record-breaking €5.2m in October (2019). Third is Muroexe, a Madrid-based shoe company. The team rallied 1,165 investors in July of this year to help raise €2.8m and fuel the next stage of their growth. Bnext and LIFE LENGTH take the final two slots in our big five, with Bnext standing at €2.6m and LIFE LENGTH at €2.5m.

Co-founder and CEO of ID Finance, Boris Batin, shares his thoughts on the results of their campaign: "It was a pleasure working with such a professional Crowdcube team on this exciting transaction. Our Crowdcube campaign exceeded our expectations, as we closed the raise ahead of schedule with sizable overfunding. The success of the campaign was a result of our strong track record, the enormous opportunity in the regions we operate and a clear strategy by ID Finance to become the number one digital lending platform across Latin America and Spain."

Beauhurst recently released a report which named crowdfunding as the most gender-equitable investor type, with 24% of deals going to female-founded companies. We’re so proud to have supported female founders through 220 successful crowdfunding campaigns across the globe, including the team at Spanish-based fem-tech, Cocoro.

Cocoro's all-female founding team launched their crowdfunding campaign to help power their dream of revolutionising the Spanish market with their sustainable period pants. After raising €415k in August (2019), the team have gone on to win a Power, Together Award, celebrating the part they play in ending period poverty. Read more about their award, here.

We can’t wait to see what 2020 brings for our wonderful Funded Club businesses, both at home in the UK and across the globe. Luke Lang, our Co-founder and CMO, sums it up nicely, saying “2019 has been a milestone year for Crowdcube internationally. Our record-breaking figures show how investors around the world are backing inspiring businesses. ID Finance, Cowboy and Muroexe are leading the charge, proving that trail-blazing businesses are making an impact on investors’ minds and on markets.”

Investments of this nature carry risks to your capital. Please Invest Aware.

Risk warning

Investing in start-ups and early-stage businesses involves risks, including illiquidity, lack of dividends, loss of investment and dilution, and it should be done only as part of a diversified portfolio. Crowdcube is targeted exclusively at investors who are sufficiently sophisticated to understand these risks and make their own investment decisions. You will only be able to invest via Crowdcube once you are registered as sufficiently sophisticated. Please click here to read the full Risk Warning.

Crowdcube Capital is authorised and regulated by the Financial Conduct Authority (FCA) . This page has been approved by Crowdcube. Pitches for investment are not offers to the public and investments can only be made by members of crowdcube.com on the basis of information provided in the pitches by the companies concerned. Further restrictions and Crowdcube's limitation of liability are set out in the Investor Terms and Conditions.

Investment opportunities are not offers to the public and investors must be eligible Crowdcube members. Please seek independent advice as required as Crowdcube does not give investment or tax advice.